1) Settlement between the exchange and the brokerage firm The merchant shall handle the transfer and handover with the ** exchange within the agreed time according to the difference receivable and payable on the clearing and delivery form.
2) Delivery between the brokerage and the consignor The delivery procedures for the consignor are: the consignor shall transfer the price receivable and payable by the consignor in its capital account, and the receivable and payable shall be transferred by the merchant in its ** account. If the client is anonymous, he must pay the price and handling fee after deducting the deposit paid, and get it back. If it is registered**, it is also necessary to go through the transfer procedures. If the seller is anonymous, he must pay the price after deducting the insurance and get back the price after deducting the handling feeIn the case of a registered name**, the documents and procedures required for the change of the register of the issuing company, such as the application for transfer or the endorsement of the transfer, should also be attached.
3) China's current delivery method
1) T+1 delivery: It means that after the transaction is concluded, the corresponding fund settlement and ** delivery will be completed on the next business day (T+1) of the transaction date. At present, China's stocks, bonds, and bonds adopt this settlement method.
2) T+3 delivery: At present, China implements T+3 delivery and delivery method for shares (RMB special**).
3) T+0 Delivery: Warrants and Bonds (6 points).